Sale of City Owned Vacant Properties

The City of Santa Ana is offering 20 vacant parcels (grouped into nine property IDs) for sale to qualified developers. Bidders must submit both electronic and hard‑copy proposals, include a 1 % deposit per parcel, and meet a minimum qualifying bid of 70 % of the appraised value. Successful purchasers must develop the parcels in compliance with zoning and the Surplus Lands Act, which imposes affordable‑housing obligations when ten or more residential units are built. The City will open escrow within seven days of contract execution and expects escrow closing within 30‑45 days. A concrete block wall and streetscape improvements on Bristol Street must be completed within 12 months, or the City may repurchase the property at 80 % of the purchase price. • Minimum qualifying bid ≥ 70 % of appraised value; total appraised value ≈ $7.77 M. • Required 1 % deposit with hard‑copy proposal; 10 % purchase‑price deposit to escrow after award. • Affordable‑housing covenant (≥ 15 % of units) if ≥ 10 residential units are built, with long‑term rent/ownership restrictions. • Development timeline: escrow close ≤ 45 days, street‑wall work ≤ 12 months, overall contract term up to 5 years (1 year base + up to four 1‑year extensions).